CT quotes: "The Company is examining the cut-off grade at which the new resource will be reported."
(so we can increase the resource by simply counting gold that was not of a grade that could be counted in the past)
Now CT you are up to your usual tricks. Yes ....the announcement released the other day (9 Nov) does contain that message more or less.
In actual fact the exact wording of that section you have selected says : "the Company is currently examining the cut-off grade at which the new resource will be reported." (You missed out the word "currently".....perhaps not a major issue in this instance.)
BUT you also missed out something more critical.
The exact quote starts with a small letter which indicates that there was some comment preceeding that section selected.
Now what was that? Let's have a look at the whole sentence.
"In addition to the new data, the Company is currently examining the cut-off grade at which the new resource will be reported."
Oh oh! Hello ! So there is some new data and the examination of the cut-off grade just happens to be in addition to that new data.
In fact if we go back and have a look at the preceding sentence what do we find ? Glory, glory, well I'll go he!
"This remodelling exercise is a major revamp of the previous geological block model containing 1.1Moz, with extensive new data being input."
Ah so the "new data" is "extensive" and therefore, by implication, more likely to be the dominant feature in the upgrade of the resource than a bit of a tweek of the cut-off grade.
Hmmmmm so if we analyse the announcement more carefully the 'cut-off grade' is a minor detail to the main emphasis .....the 'extensive new data'
Sorry CT but no matter how much gravel you try to dig up to smother the facts the gold will be found !
BIG Price at posting:
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